The Royal Oak is located right in the heart of the Settle town centre opposite the main market square. It has a rear car park, large bar/loung/pool room, a seperate function room, large kitchen and 6 letting rooms. It has been the most successful pub in Settle for a number of years and offers a huge amount of potential for a family run business
There are two main entrances leading into the main bar/lounge/pool room area, which has a large servery and reception area. The lounge/dining area can accommodate 30 covers and is serviced from a huge catering kitchen. In addition, the property boasts a large function room that can either be utilised for daytime trade or sealed off for private functions. On the first floor, are 6 double en-suite rooms and an additional "backpackers" room. The rooms are very well appointed, with secondary double glazing to the front.
Externally, there is a rear beer garden and a small car park with 16 spaces, ideal for guests staying over.
Forecast Turnover: £479,224.26
Year 1 Rent: £0.00
Guide Rent: £35,000.00
Initial Deposit: £0.00
Full Deposit: £8,750.00
Full Tie Release: £30,250.00
Agreement Fee: £750.00
Repair Fund: £2,000.00
Fixtures & Fittings: £40,000.00
Working Capital: £4,000.00
Stock & Glassware: £3,000.00
Cash Float: £1,000.00
Forecast Wet Turnover: £220,253.08
Forecast Dry Turnover: £138,797.73
Forecast Other Turnover: £120,173.45
This is a great opportunity for an experienced Publican with a catering background who can drive a value food offer, a good range of cask ales and deliver high standards. The Royal Oak benefits from the best of the local trade that Settle has to offer and is always the first place that people visit when coming to the town. In addition, there is excellent seasonal trade from the tourists who visit the area for the abundance of outdoor activities. Recently refurbished to a great standard, the pub also boasts an excellent beer garden and a small car park – a fantastic benefit for the letting guests and a premium in Settle!
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Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
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The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
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MISREPRESENTATION ACT 1967
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